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Prepare the current asset section of booboos balance sheet

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Question - BooBoo s Home Health Care has the following adjusted account balances at April 30, 2017. All accounts have normal balances. Prepare the current asset section of BooBoos balance sheet.

Account Title Balance

Accounts receivable $51,000

Accumulated amortization-furniture 8,500

Allowance for doubtful accounts 2,500

Bad debt expense 4,100

Cash 98,700

Furniture 22,000

Inventory 122,750

Notes receivable, due July 1, 2017 41,000

Notes receivable, due November 1, 2020 68,000

Prepaid expenses 2,100

Reference no: EM132681943

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